CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended			6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010		Jun. 30, 2011	Jun. 30, 2010
Revenues
Natural gas	$ 38,300	$ 38,819		$ 79,489	$ 86,807
Crude oil	21,548	10,875		38,131	24,721
Natural gas liquids (NGLs)	13,161	2,662		23,082	7,528
Gain (loss) on sale of property and equipment	(28)	125		452	336
Other	637	807		1,047	1,774
Total revenues	73,618	53,288		142,201	121,166
Operating expenses
Lease operating	10,787	9,155		21,064	17,892
Gathering, processing and transportation	4,281	3,309		8,309	6,540
Production and ad valorem taxes	2,834	3,105		7,898	7,375
General and administrative	12,954	15,827		26,306	30,852
Exploration	19,368	9,541		48,916	15,570
Depreciation, depletion and amortization	33,036	32,105		67,879	62,134
Impairments	71,071	1,124		71,071	1,124
Other					465
Total operating expenses	154,331	74,166		251,443	141,952
Operating loss	(80,713)	(20,878)		(109,242)	(20,786)
Other income (expense)
Interest expense	(14,143)	(13,321)		(27,627)	(26,992)
Loss on extinguishment of debt	(24,238)			(24,238)
Derivatives	7,001	(580)		8,329	29,297
Other	129	517		273	1,763
Loss from continuing operations before income taxes	(111,964)	(34,262)		(152,505)	(16,718)
Income tax benefit	40,046	13,165		54,247	6,387
Loss from continuing operations	(71,918)	(21,097)		(98,258)	(10,331)
Income from discontinued operations, net of tax		21,308	[1]		33,482	[1]
Gain on sale of discontinued operations, net of tax		49,612			49,612
Net income (loss)	(71,918)	49,823		(98,258)	72,763
Less net income attributable to noncontrolling interests in discontinued operations		(18,744)			(28,090)
Income (loss) attributable to Penn Virginia Corporation	$ (71,918)	$ 31,079		$ (98,258)	$ 44,673
Earnings (loss) per share attributable to Penn Virginia Corporation - Basic:
Continuing operations	$ (1.57)	$ (0.46)		$ (2.15)	$ (0.23)
Discontinued operations		$ 0.06			$ 0.12
Gain on sale of discontinued operations		$ 1.08			$ 1.09
Net income (loss)	$ (1.57)	$ 0.68		$ (2.15)	$ 0.98
Earnings (loss) per share attributable to Penn Virginia Corporation - Diluted:
Continuing operations	$ (1.57)	$ (0.46)		$ (2.15)	$ (0.23)
Discontinued operations		$ 0.06			$ 0.12
Gain on sale of discontinued operations		$ 1.08			$ 1.09
Net income (loss)	$ (1.57)	$ 0.68		$ (2.15)	$ 0.98
Weighted average shares outstanding, basic	45,768	45,539		45,724	45,508
Weighted average shares outstanding, diluted	45,768	45,790		45,724	45,767

[1] For purposes of determining earnings per share, net income attributable to noncontrolling interests, which is fully attributable to PVG's operations, is applied against income from discontinued operations.